CONSTELLATION BRANDS, INC. — Director's Dealing 2015

May 21, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS, INC. (STZ)
CIK: 0000016918
Period of Report: 2015-05-20

Reporting Person: HAUSWALD JEANANNE K (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-05-20	Class A Common Stock	C	3000.0000	—	Acquired	19808.0000	Direct
2015-05-20	Class A Common Stock	S	3000.0000	$120.0000	Disposed	16808.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-05-20	Class 1 (convertible) Common Stock	$	M	3000.0000	Acquired		Class A Common Stock (3000.0000)	Direct
2015-05-20	Class 1 (convertible) Common Stock	$	C	3000.0000	Disposed		Class A Common Stock (3000.0000)	Direct
2015-05-20	Non-Qualified Stock Option (right to buy)	$16.8700	M	3000.0000	Disposed	2020-07-22	Class 1 Common Stock (3000.0000)	Direct

Footnotes

F1: The reported shares of Class A Common Stock were received upon the conversion of shares of Class 1 Common Stock on a one-to-one basis.

F2: Shares of Class 1 Common Stock are convertible to shares of Class A Common Stock of the Issuer on a one-to-one basis in connection with the holders' sale of the shares of Class A Common Stock received upon the conversion. Class 1 Common Stock is not traded on any stock exchange.

F3: 100% of this option has become exercisable.